ANDOVER
HIRES GENERAL MANAGER FOR SUN PROJECT, ALASKA
March 31, 2011, Vancouver,
B.C. - Andover Ventures Inc. (�Andover�
or the �Company�) (AOX-TSX: V) (AOVTF-United
States) (R2X-Frankfurt Exchange) is
pleased to announce that Bradley C. Peek., B.Sc., Geology, M.Sc., Geology, has
joined the Company�s management team as General Manager for the SUN project in Alaska.
Mr. Peek will report to the Company�s COO, Larry Segerstrom.
Mr. Peek
has extensive industry experience with multiple mining companies since his
graduation with a B.Sc., Geology from the University
of Nebraska followed by his M.Sc.,
Geology from the University
of Alaska. Mr. Peek has also
completed a Hazardous Waste Management program at Colorado School of Mines.
Mr. Peek�s
35 years work experience includes employment with Cominco American Inc, Houston
Oil and Minerals/ Tenneco Minerals and Crown Resources among others.
Mr. Peek
also has extensive water systems experience from his tenure with Zancanella and
Associates, Inc. This experience includes the design and operation of water
systems and State and County permitting for new systems. This background will
be valuable to Andover in Utah
as the Burgin Project in the East Tintic Mining District progresses.
Dr. Stewart
Jackson, an Andover Board member comments, �having worked with Mr. Peek at
Cominco and Houston Oil and Minerals, and Crown Resource Corporation we are
most� fortunate to have him join our
management team as General Manager for the SUN project.
Andover has granted to Mr.
Peek 100,000 shares of stock options exercisable at .80 cents per share for a
period of 5 years. These options vest over a 4 year period with 25% vesting
each year on the anniversary date of the stock option agreement.
Andover also wishes to
announce that Gold Finder Inc., formerly SNS Silver Corp., has elected to
increase their share holding in the Company rather than settling all
outstanding obligations between the parties for cash. Andover
will issue to Gold Finder Inc., 200,000 common shares of corporate stock valued
at .70 cents per share.
The
transaction is subject to the approval of all requisite regulatory agencies.
About Andover:
Andover Ventures is a precious and base metal
exploration and development company, headquartered in Vancouver, British
Columbia, Canada.
Andover Ventures holdings are located in the historic East Tintic Mining
District, Utah, USA, and the polymetallic rich Ambler Mining District, located
in Alaska, USA.
For further information we invite you to visit us at www.andoverventures.com
ON BEHALF
OF THE BOARD
Signed
�Gordon Blankstein�
CEO and
Chairman
CONTACT
INFORMATION:
Investor Relations:����������������������������������� ���
Richard Martens������������������������������������������
Telephone: 1-604-682-2168
Int'l Toll Free:
1-800-266-4484
Suite 890-999
West Hastings St
Vancouver, BC
V6C-2W6
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release